Deputies from the Communist party in the Duma introduced a bill on the principles of nationalization

A group of deputies from the Communist party headed by Gennady Zyuganov in the Duma introduced a bill «On nationalization in the Russian Federation», from the database of the lower house of Parliament.

Under the nationalization refers to paid compulsory withdrawal of property in private ownership, and his appeal to the Federal property in order to ensure state needs of the Russian Federation related to improving overall efficiency and social orientation of the economy, ensuring national security and sovereignty of Russia, the rule of law, social rights of citizens and preserve the national heritage.

Nationalization is an extreme measure and is carried out only on the basis of the adopted Federal laws, and on a reimbursable basis with prior and fair compensation by the Russian Federation of the value of the property and other losses caused to owner as a result of nationalization. While nationalization is not a punishment or method of enforcement of obligations.

Nationalization may be through seizure of property and circulation of Federal property, increasing at the expense of Federal budget funds the cost of property (including by increasing the authorized (share) capital of the organization controlling the company or the state’s share exceeding 50%), the transfer of a state-controlled organization, controlling block of shares (participation share) of nationalized companies, and not prohibited by the legislation of ways.

The bill defines the grounds for adoption of a separate law on nationalization. These include: the threat of mass layoffs of state employees forming or socially important organizations, the strategic recognition of the company bankrupt, a monopoly or dominant position of enterprises, privatization of state-owned enterprises in violation of applicable law or for deliberately low prices, the acquisition of foreign capital controlling stakes in joint stock companies created on the basis of the state enterprises-monopolists, and other circumstances.